| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Dec'17 |
|---|---|---|---|---|---|---|---|
Assets: | |||||||
Current Assets: | |||||||
Cash and cash equivalents | |||||||
482,000 | 428,000 | 425,000 | 420,000 | 341,000 | 296,000 | 305,000 | 282,000 |
Marketable securities | |||||||
2,000 | 7,000 | 7,000 | 5,000 | 7,000 | 9,000 | 9,000 | 25,000 |
Receivables, less allowance of $2 in each period | |||||||
8,000 | 11,000 | 8,000 | 9,000 | 8,000 | 12,000 | 11,000 | 406,000 |
Contract asset | |||||||
- | - | 37,000 | - | - | - | 29,000 | - |
Prepaid expenses and other assets | |||||||
18,000 | 16,000 | 12,000 | 14,000 | 13,000 | 13,000 | 7,000 | 10,000 |
Total Current Assets | |||||||
510,000 | 461,000 | 489,000 | 448,000 | 369,000 | 330,000 | 361,000 | 741,000 |
Other Assets: | |||||||
Property and equipment, net | |||||||
55,000 | 51,000 | 49,000 | 49,000 | 48,000 | 47,000 | 46,000 | 31,000 |
Goodwill | |||||||
501,000 | 501,000 | 477,000 | 477,000 | 476,000 | 476,000 | 476,000 | 476,000 |
Intangible assets, net | |||||||
188,000 | 191,000 | 155,000 | 156,000 | 156,000 | 158,000 | 160,000 | 165,000 |
Operating lease right-of-use assets | |||||||
14,000 | 17,000 | 17,000 | 18,000 | 18,000 | - | - | - |
Long-term marketable securities | |||||||
- | - | - | - | - | - | - | 2,000 |
Deferred customer acquisition costs | |||||||
18,000 | 18,000 | 18,000 | 19,000 | 20,000 | 21,000 | 21,000 | 18,000 |
Other assets | |||||||
6,000 | 11,000 | 11,000 | 12,000 | 12,000 | 10,000 | 3,000 | 1,000 |
Total Assets | |||||||
1,291,000 | 1,250,000 | 1,217,000 | 1,179,000 | 1,097,000 | 1,041,000 | 1,065,000 | 1,416,000 |
Liabilities and Shareholders' Equity: | |||||||
Current Liabilities: | |||||||
Accounts payable | |||||||
55,000 | 48,000 | 55,000 | 58,000 | 48,000 | 41,000 | 45,000 | 33,000 |
Accrued liabilities: | |||||||
Payroll and related expenses | |||||||
12,000 | 17,000 | 15,000 | 12,000 | 8,000 | 10,000 | 9,000 | 15,000 |
Home service plan claims | |||||||
55,000 | 66,000 | 78,000 | 84,000 | 61,000 | 67,000 | 77,000 | 57,000 |
Interest payable | |||||||
3,000 | 9,000 | 3,000 | 9,000 | 4,000 | 9,000 | 3,000 | - |
Other | |||||||
38,000 | 29,000 | 35,000 | 43,000 | 28,000 | 26,000 | 12,000 | 19,000 |
Deferred revenue | |||||||
227,000 | 188,000 | 180,000 | 183,000 | 219,000 | 185,000 | 176,000 | 573,000 |
Due to Parent | |||||||
- | - | - | - | - | - | 144,000 | - |
Current portion of long-term debt | |||||||
7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 9,000 | 9,000 |
Total Current Liabilities | |||||||
398,000 | 364,000 | 373,000 | 396,000 | 374,000 | 345,000 | 476,000 | 705,000 |
Long-Term Debt | |||||||
972,000 | 973,000 | 974,000 | 975,000 | 976,000 | 977,000 | 978,000 | - |
Other Long-Term Liabilities: | |||||||
Deferred taxes | |||||||
41,000 | 45,000 | 37,000 | 36,000 | 38,000 | 39,000 | 43,000 | 38,000 |
Operating lease liabilities | |||||||
18,000 | 20,000 | 20,000 | 21,000 | 21,000 | - | - | - |
Other long-term obligations | |||||||
41,000 | 27,000 | 31,000 | 29,000 | 22,000 | 24,000 | 6,000 | 11,000 |
Total Other Long-Term Liabilities | |||||||
100,000 | 92,000 | 89,000 | 86,000 | 80,000 | 63,000 | 50,000 | 49,000 |
Commitments and Contingencies (Note 9) | |||||||
- | - | - | - | - | - | 0 | - |
Shareholders' Equity: | |||||||
Net Parent Investment | |||||||
- | - | - | - | - | - | -439,000 | 661,000 |
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 85,381,109 shares issued and outstanding at March 31, 2020 and 85,309,260 shares issued and outstanding at December 31, 2019 | |||||||
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | - | - |
Additional paid-in capital | |||||||
31,000 | 29,000 | 8,000 | 6,000 | 3,000 | 1,000 | - | - |
Accumulated deficit | |||||||
-174,000 | -188,000 | -202,000 | -263,000 | -323,000 | -336,000 | - | - |
Accumulated other comprehensive loss | |||||||
-36,000 | -21,000 | -25,000 | -21,000 | -14,000 | -9,000 | - | - |
Total Deficit | |||||||
-178,000 | -179,000 | -219,000 | -278,000 | -334,000 | -344,000 | -439,000 | 661,000 |
Total Liabilities and Shareholders' Equity | |||||||
1,291,000 | 1,250,000 | 1,217,000 | 1,179,000 | 1,097,000 | 1,041,000 | 1,065,000 | 1,416,000 |